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ORANGE COUNTY SAVINGS AND LOAN SCOREBOARD

Orange County’s 35 savings and loan associations had a combined loss of $347 million for 1988, an improvement over the record loss of $920 million for the previous year. In this chart, the thrifts are ranked by amount of 1988 year-end assets. (Main story, Part I, Page 1.)

TOTAL ASSETS TOTAL CAPITAL 12-31-88 12-31-87 12-31-88 12-31-87 Savings and Loan (million) (million) (million) (million) New West * $22,549.2 na $250.0 na American * 15,362.4 $33,841.4 348.5 $85.3 Lincoln 5,458.7 4,293.0 249.4 236.1 Household Bank 4,971.4 3,390.8 293.7 185.0 FarWest 4,728.8 3,757.0 183.7 191.8 Downey 3,818.2 3,212.5 236.9 214.2 Mercury 2,563.9 2,379.5 88.5 84.4 Western Financial 2,443.0 1,755.0 200.6 188.7 Beverly Hills 1,650.0 1,683.7 -110.0 -531.7 Pacific 1,130.3 1,119.8 -226.8 -173.2 Butterfield ** 765.7 602.0 43.9 -106.0 United California 676.1 508.6 34.8 36.1 Newport Balboa 581.7 470.2 34.9 28.5 Guardian 522.2 365.7 27.1 15.3 Charter 438.7 196.9 13.9 9.9 Fullerton 343.7 328.7 23.8 19.8 San Clemente 313.9 250.3 11.9 9.7 Universal 267.4 223.0 10.9 9.7 Malibu 202.2 164.6 8.9 8.7 Sterling 192.0 161.4 18.3 14.3 Standard Pacific 191.5 95.3 13.4 9.8 First California 167.9 205.4 -75.1 -64.3 Westport 161.1 152.0 6.1 7.9 Western Empire 133.1 120.0 12.3 0.7 Huntington 118.9 101.9 0.5 0.3 Beach 91.0 59.9 5.8 4.5 Irvine City 90.8 79.3 4.1 4.4 Constitution 81.4 86.5 1.7 2.8 Security 80.3 77.6 0.9 2.3 Cornerstone 68.3 67.5 3.7 3.8 Plaza 60.6 54.8 3.9 3.5 Delta 59.4 52.4 0.8 1.5 American Interstate 28.7 34.2 1.0 2.2 Perpetual 23.7 46.1 -10.2 -8.6 Pioneer 15.1 21.4 0.7 1.0 American Diversified na 546.1 na -634.6 North America na 101.1 na -113.2 Ramona na 44.7 na -65.6 Sherman Oaks na 34.4 na 3.7 Orange County Totals $70,351 $60,684 $1,712 -$311 State Total $395,359 $346,985 $18,601 $14,188

NET INCOME 1988 1987 Savings and Loan (thous.) (thous.) New West $ 0 na American -244,264 -$467,553 Lincoln 9,039 28,026 Household Bank -1,002 7,493 FarWest 9,287 21,502 Downey 28,959 33,191 Mercury -7,374 7,819 Western Financial 11,992 9,620 Beverly Hills -96,310 -151,410 Pacific -47,073 -113,062 Butterfield ** -17,685 -48,018 United California -687 807 Newport Balboa 2,701 4,714 Guardian 14,794 6,094 Charter 569 1,998 Fullerton 4,549 4,363 San Clemente 1,253 1,449 Universal 1,591 -890 Malibu 502 464 Sterling 4,111 3,501 Standard Pacific 328 -115 First California -10,579 2,330 Westport 396 1,485 Western Empire -8,903 -3,418 Huntington 283 407 Beach 319 54 Irvine City -385 203 Constitution 151 1,436 Security -1,368 -226 Cornerstone 19 202 Plaza 740 -283 Delta -573 -122 American Interstate -1,265 116 Perpetual -993 -7,567 Pioneer -317 -270 American Diversified na -111,628 North America na -111,173 Ramona na -41,087 Sherman Oaks na -413 Orange County Totals -$347,195 -$919,961 State Total $546,948 $300,901

*American Savings Bank and New West Federal Savings are successor firms to American S&L;, which was sold by federal regulators on Dec. 28. Net income figure for 1988 combines $242.8 million lost by American S&L; in the first 9 months and the $1.5 million lost by American Savings Bank in the last 3 days of the year.

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**Butterfield was bought at the end of the third quarter by Downey S&L.; Net income figure for 1988 combines $21.6 million lost by Butterfield in the first 6 months and $3.9 million earned in the last quarter by Butterfield as a Downey subsidiary.

Source: Federal Home Loan Bank of San Francisco


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